TRF shines on buying remaining 49% stake in York Transport for Rs 90 crore

TRF Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 505854 | NSE: TRF

29 Mar 2012 Evaluate

TRF is currently trading at Rs. 281.00, up by 2.30 points or 0.83% from its previous closing of Rs. 278.70 on the BSE.

The scrip opened at Rs. 277.50 and has touched a high and low of Rs. 287.40 and Rs. 276.50 respectively. So far 3613 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 652.65 on 26-Apr-2011 and a 52 week low of Rs. 195.25 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 319.00 and Rs. 276.00 respectively. The current market cap of the company is Rs. 310.87 crore.

The promoters holding in the company stood at 34.30% while Institutions and Non-Institutions held 14.38% and 51.32% respectively. Tata group firm TRF, which already owned 51 percent stake in Singapore-based axle maker York Transport Equipment (Asia), has acquired the remaining 49 percent stake for 22.17 million Singapore dollar or about Rs 90 crore through its wholly owned subsidiary TRF Holdings Pte.

Pursuant to exercising the call option notice dated March 23, 2012, the company has acquired 1,23,66,198 ordinary shares, representing 49 percent of the issued and paid up capital of York Singapore on March 27, 2012.

Earlier, TRF had acquired 51% stake in York Transport from Baker Technology and had entered into call and put options agreement in October 2007.

York Singapore and its subsidiaries (York Group) is a $70 million conglomerate, producer of trailer axles, assemble trailer suspension kits and distributes truck and trailer components.

TRF, incorporated in 1962, belongs to Tata group and is engaged in the business of design, manufacture, supply, installation and commissioning of engineered-to-order equipment and systems.

TRF Share Price

271.75 -5.15 (-1.86%)

07-May-2026 16:59 View Price Chart

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